Central board of employees' provident fund relaxes partial withdrawal norms
This story was originally published at 18:47 IST on 13 October 2025
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NEW DELHI – The Central Board of Trustees of Employees' Provident Fund on Monday decided to simplify the provisions for partial withdrawal by merging 13 provisions, a government release said. These provisions will now be categorised into essential needs like illness, education, marriage; housing needs; and special circumstances, it said. This was the board's in 238th meeting.
Under the special circumstances category, a member can apply for partial withdrawal without assigning any reasons, like natural calamity, lockouts/closure of establishments, continuous unemployment, outbreak of epidemic. The board also relaxed the minimum service requirement to 12 months for all partial withdrawals, the release said.
Members will now be able to withdraw up to 100% of the eligible balance in the provident fund, including employee and employer share, the Central Board of Trustees said. "Withdrawal limits have been liberalized--education withdrawals allowed up to 10 times and marriage up to 5 times, from the existing limit of total of 3 partial withdrawals for marriage and education in all," the release said.
The central board also approved the selection of four fund managers for managing the debt portfolio of Employees' Provident Fund Organisation for a period of five years. The release, however, did not give the names of the fund managers. It also approved the launch of Vishwas Scheme to reduce litigation by rationalising penal damage. "The scheme shall remain in operation for six months and is extendable by another six months," the release said. End
Reported by Sagar Sen
Edited by Ashish Shirke
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